POLITICS

Obama Speaks On Deal To Reopen Government, Raise Debt Ceiling

President Barack Obama applauds invited guest in the audience as he prepares to award the Medal of Honor to retired Army Capt
President Barack Obama applauds invited guest in the audience as he prepares to award the Medal of Honor to retired Army Captain William D. Swenson of Seattle, Wash., during a ceremony in the East Room at the White House in Washington, Tuesday, Oct. 15, 2013. Swenson is being awarded the Medal of Honor for his actions in a lengthy battle against the Taliban in the Ganjgal valley near the Pakistan border on Sept. 8, 2009, which claimed the lives of five Americans, 10 Afghan army troops and an interpreter. (AP Photo/Pablo Martinez Monsivais)

President Barack Obama is slated to speak Wednesday on the deal reached by congressional leaders to reopen the government after a 16-day partial shutdown and raise the debt ceiling ahead of the October 17 deadline.

According to the White House, the president will speak at 8:25 p.m. ET.

The bill, unveiled by Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) earlier Wednesday, will provide funding for the government through January 15 and raise the debt ceiling until February 7. It passed the Senate by a 81-18 vote.

Watch live video of Obama's remarks above.

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2013 Government Shutdown